Happy 13F Day to those who celebrate - today we’re going to take a departure from the monthly company profiles to perform a roundup on superinvestor movement in Q1 2024. For those unfamiliar, here’s a quick explainer, via the SEC.gov site:
This is something I’ve done on my X/Twitter the past few quarters, but thought I’d give it a go on this forum. Essentially what we do is track eight funds (AKO, Akre, AltaRock, BLS, Fundsmith, TCI, Triple Frond, and Valley Forge), group their holdings by sector, and see where they overlap. This exercises draws from the original “compounder watchlist” BluegrassCap used to churn out back in the day - as he put it:
Purpose: blunt force screening tool to identify companies potentially warranting investment
Theme: concentrated portfolios of high ROIC companies benefitting from secular growth trends with reinvestment runway
With that, let’s dive in - here’s this quarter’s roundup:
In:
Analog Devices ADI 0.00%↑
Out:
Allegion ALLE 0.00%↑
ANSYS ANSS 0.00%↑
United Rentals URI 0.00%↑
In:
Uber Technologies UBER 0.00%↑
CCC Intelligent Solutions CCCS 0.00%↑
N/A
In:
Texas Instruments TXN 0.00%↑
Choice Hotels International CHH 0.00%↑
Out:
IPG Photonics IPGP 0.00%↑
Johnson & Johnson JNJ 0.00%↑
Out:
Ferguson FERG 0.00%↑
In:
Union Pacific UNP 0.00%↑
